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Piotech: Wholly-Owned Subsidiary to Contribute Up to RMB 300 Million in Private Equity Fund
12 hour ago /
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Author：小编
Piotech has announced that its wholly-owned subsidiary, Shanghai Yanquan Technology, plans to participate as a limited partner in establishing the Changcun Phase II Industrial Investment Fund. The subscribed capital contribution will not exceed RMB 300 million, which is expected to account for no more than 10% of the fund's total subscriptions. The fund will focus on investing in the semiconductor industry chain, specifically in areas related to storage, computing, sensing, and applications, with a term of nine years. As AMEC Shanghai, a related party, is also participating, this transaction constitutes a related-party transaction but does not qualify as a major asset restructuring.
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